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Do you want to know which is the better broker between Yuanta and Global Prime ?
In the table below, you can compare the features of Yuanta , Global Prime side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of yuanta, global-prime lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Feature | Information |
Company Name | Yuanta Securities (Hong Kong) Company Limited |
Registered In | Hong Kong |
Years of Establishment | 15-20 years |
Regulated | Yes, by the Securities and Futures Commission |
Trading Instruments | HK stocks, SH Stocks, SZ stocks, Taiwan stocks, US stocks, China B stocks, Overseas stocks, Futures, Options |
Account Types | Retail & Institutional |
Trading Platform | eWinner, eWinner Plus, YSHK SP Trader |
Deposit and Withdrawal Method | Local bank, Check, Overseas Transfer |
Customer Service | Phone, Email |
Yuanta Securities (Hong Kong) Company Limited (YSHK) is a financial powerhouse in Asia, operating as a wholly-owned subsidiary of Yuanta Financial Holdings Co. Ltd. Registered with the Securities and Futures Commission in Hong Kong, YSHK offers an array of regulated financial activities. As of 2016, Yuantas robust distribution network included 155 securities branches and 152 banking branches staffed by approximately 13,000 professionals.
These experts deliver a comprehensive suite of financial services to Yuanta's diverse client base. The firm's market presence is considerable; in 2016, it controlled 11% of the securities brokerage market and nearly 20% of the securities margin financing market.
Given its longstanding history and comprehensive regulation, Yuanta Securities (Hong Kong) Company Limited appears to be a legitimate and reputable financial services provider. The company is registered with the Securities and Futures Commission and is a Participant of the Hong Kong Exchanges and Clearing Limited, further cementing its credibility. In a market where legitimacy is crucial for client trust, YSHKs regulatory affiliations make it a reliable option for retail and institutional investors alike.
Pros | Cons |
Diverse Product Offering | Fee Structure might be high for some products |
Regulated Entity | Complexity might be overwhelming for beginners |
Strong Market Presence |
Pros:
Diverse Product Offering: Yuanta offers a wide range of financial services beyond just securities trading, including banking, insurance, and asset management.
Regulated Entity: Being a licensed corporation, Yuanta operates under strict regulatory oversight, ensuring a high level of trust and security.
Strong Market Presence: With a significant share in both the securities and financing markets, Yuanta is a dominant player in the industry.
Cons:
Fee Structure: Depending on the products you engage with, the fees can be on the higher side.
Complexity: With such a wide range of services and instruments, the platform might be overwhelming for beginner traders.
Yuanta provides a broad spectrum of market instruments tailored to meet the diverse needs of its retail and institutional clients. Retail clients have access to a multitude of stock options spanning from Hong Kong (HK), Shanghai (SH), Shenzhen (SZ), Taiwan, the United States, and more. They can also engage in trading futures and options. For institutional clients, YSHK acts as an advisory, providing multiple avenues for investment. This makes Yuanta a one-stop-shop for multiple financial instruments, giving clients the ability to diversify their portfolios extensively.
Yuanta Securities (Hong Kong) Company Limited, also known as YSHK, requires specific documents for opening both individual and corporate accounts.
For individual accounts, Hong Kong Permanent Residents must provide a certified true copy of their HKID card, while non-permanent residents or non-residents must provide a certified true copy of their valid ID card or passport. All individual account holders also must provide proof of their residential address issued within the last 3 months.
As for corporate accounts, companies need to provide documents including a certified true copy of their Certificate of Incorporation, Business Registration Certificate, Memorandum & Articles of Association, latest audited account or financial statements, Latest Register of Directors, Latest Register of Shareholders, and others.
To open an account with Yuanta Securities (Hong Kong) Company Limited or YSHK, individuals and corporations have to provide respective documents.
Individual account applicants who are Hong Kong Permanent Residents must submit a certified true copy of their HKID card, while Non-Permanent Residents or Non-Residents need to provide a certified true copy of their valid ID Card or passport. All individual applicants need proof of residential address issued within the last 3 months. If these addresses are different from one another, proof for each address is required.
For corporate accounts, various documents are needed including copies of Certificate of Incorporation, Business Registration Certificate, Memorandum & Articles of Association, latest audited account or financial statements, Latest Register of Directors and of Shareholders, and more. Documents proving the identity and residential address of all substantial shareholders, ultimate beneficial owners, and authorized individuals are also required.
For companies incorporated overseas, a certified true copy of a certificate of incumbency is needed, and if the company has complex ownership structures, specific documents tracing the chain of ownership to the ultimate beneficial owners are also necessary.
While the specifics regarding leverage can vary based on the market instrument and type of account, Yuanta typically offers leverage to enhance trading capabilities. However, it's crucial to understand that while leverage can amplify profits, it also increases the risk of losses. Yuanta, being a regulated entity, likely offers leverage within the constraints of financial regulations to ensure responsible trading. Always consult with the brokerage or a financial advisor to understand the implications of using leverage in your trading activities.
Yuanta has a transparent fee structure, which is crucial for traders calculating their potential costs and profits. For instance, for trading in Hong Kong stocks, the commission is set at 0.25% of the traded volume, with a minimum charge of 100 HKD, plus some additional fees. This clear fee structure allows both retail and institutional investors to make informed decisions about trading costs. Before committing, it's wise to compare these fees with other market offerings to determine their competitiveness.
YSHK provides multiple trading platforms to suit various customer preferences and trading styles. These include eWinner for Windows and PC users, eWinner Plus for iOS and Android devices, and YSHK SP Trader also available across PC, iOS, and Android. These platforms are designed to provide real-time analytics, a wide range of trading tools, and a user-friendly interface. This array of options makes it easy for traders to manage their investments efficiently, whether they are in the office or on the go.
Depositing and withdrawing funds from your YSHK account is a straightforward process. Clients have the flexibility to fund their accounts through local banks, checks, and overseas transfers. This makes it convenient for both local and international clients to manage their funds. The multi-channel deposit and withdrawal options aim to provide a seamless customer experience, reinforcing YSHKs commitment to client satisfaction.
Customer support is a critical aspect of any financial service, and Yuanta Securities (Hong Kong) Company Limited appears to prioritize this. For English-speaking clients, Yuanta offers a dedicated contact number: +852 3555 7878. This hotline is likely staffed by skilled customer service representatives proficient in English, ready to address a wide array of customer concerns and queries.
In addition to the hotline, Yuanta also provides email support for more detailed or document-intensive inquiries. Clients can reach out to HK.Services.brk@yuanta.com for assistance. The availability of email support adds a layer of convenience, as customers can send in their questions or issues without the immediacy or time constraints of a phone call.
Feature | Yuanta | IronFX | OctaFX |
Regulated | Yes | Yes | Yes |
Market Instruments | Extensive | Wide range | Limited |
Account Types | Retail & Institutional | Multiple | Multiple |
Leverage | Regulated | High | Moderate |
Spreads | Transparent | Competitive | Low |
Customer Support | Likely Comprehensive | Multiple languages | Multiple languages |
Yuanta Securities (Hong Kong) Company Limited, commonly referred to as YSHK, provides extensive educational resources as part of its Research & Commentary. These resources impart valuable insights in the industry, featuring a wide range of comprehensive market analysis, in-depth reports, and informative commentary from their expert research team. The materials are designed to assist clients in making well-informed investment decisions, provides traders and investors with key market trends, and keeps them updated about important developments in the financial landscape.
Yuanta Securities (Hong Kong) Company Limited is a well-regulated, diverse, and established financial service provider in Asia. With a broad range of market instruments, transparent fee structures, and versatile trading platforms, it caters to both retail and institutional clients effectively. However, always remember to carry out your due diligence and consult a financial advisor before making investment decisions.
Q: What types of trading instruments does Yuanta offer?
A: Yuanta provides a diverse range of trading instruments, including HK stocks, SH Stocks, SZ stocks, Taiwan stocks, US stocks, China B stocks, Overseas stocks, Futures, and Options.
Q: Is Yuanta regulated by any financial authorities?
A: Yes, Yuanta Securities (Hong Kong) Company Limited is regulated by the Securities and Futures Commission of Hong Kong, ensuring a high level of compliance and security for traders.
Q: What platforms are available for trading with Yuanta?
A: Yuanta offers multiple trading platforms, including eWinner, eWinner Plus, and YSHK SP Trader, catering to traders on both desktop and mobile devices.
Q: How can I deposit or withdraw funds from my Yuanta account?
A: Yuanta offers multiple methods for deposit and withdrawal, including transactions through local banks, checks, and overseas transfers, providing flexibility for both local and international traders.
Q: What is the commission structure for trading Hong Kong stocks with Yuanta?
A: The commission for trading HK stocks is 0.25% of the traded volume with a minimum charge of 100 HKD, along with some additional fees.
Q: What types of accounts does Yuanta offer?
A: Yuanta provides both retail and institutional accounts, allowing for a broad spectrum of trading needs and investment strategies to be accommodated.
Registered in | Australia |
Regulated by | ASIC |
Year(s) of establishment | 10-15 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds |
Minimum Initial Deposit | No minimum deposit |
Maximum Leverage | 1:100 |
Minimum spread | Tight spreads |
Trading platform | MT4 and TradingView |
Deposit and withdrawal method | Paypal, Mastercard, Visa |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | Yes |
Global Prime is a brokerage firm registered in Australia and regulated by the ASIC. With a history of 10-15 years, the broker offers a diverse range of trading instruments, including currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, and bonds.
There is no minimum deposit requirement, allowing flexibility for traders. The broker provides a maximum leverage of 1:100 and offers tight spreads to enhance trading conditions. Trading is facilitated through industry-standard platforms like MetaTrader 4 (MT4) and TradingView. Global Prime supports multiple deposit and withdrawal methods, including PayPal, Mastercard, Visa. There have been instances of fraud complaints exposure, which is something potential traders should consider.
Global Prime is currently regulated by the Australian Securities and Investments Commission (ASIC) and holds a Market Making (MM) type license with license number 385620.
Market Instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds .....Global Prime allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Global Prime.
In Global Prime, the spreads are shown in a separate page and the commissions are 7 USD per lot. We can see that the minimum spreads for major forex pairs are 0.0 pips.
Demo Account: Global Prime provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Global Prime only provides one type of ECN account, the commission is 7 USD per lot, no minimum deposit and spreads are tight.
When it comes to trading platforms, Global Prime provides MT4 and Tradingview, both are among the most popular platforms in the world. The clients may choose the one they prefer freely.
The maximum leverage offered by Global Prime is only 1:30 or 1:100, which may seem too low to you. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.
In terms of deposit and withdrawal, like many good brokers, Global Prime provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc.
A series of educational resources is available at Global Prime, such as autochartist alerts, economic calendar, market opportunities, chrome extender, VPS, autotrade, pip calculator, etcetera.
Global Prime offers comprehensive customer support tailored to meet the needs of its diverse client base. Here are the key details regarding their customer service offerings:
Is this broker well regulated?
Yes, it is currently effectively regulated by ASIC.
What trading instruments are available?
You can trade a variety of instruments including currency pairs, indices, commodities, metals, energy products, cryptocurrencies, stocks, and bonds.
What is the minimum initial deposit required to open an account?
There is no minimum deposit required to start trading.
What is the maximum leverage offered?
The maximum leverage offered is 1:100.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive yuanta and global-prime are, we first considered common fees for standard accounts. On yuanta, the average spread for the EUR/USD currency pair is -- pips, while on global-prime the spread is 0.4.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
yuanta is regulated by SFC,SFC,SFC. global-prime is regulated by ASIC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
yuanta provides trading platform including -- and trading variety including --. global-prime provides trading platform including Commission Free,Spreads + Commission and trading variety including 100.